Timing Stock Market Successfully
  • Home
  • Members
  • Testimonials
  • Subscribe
  • Contact
  • Home
  • Members
  • Testimonials
  • Subscribe
  • Contact

Signals & Trading Plan for Monday 6/3/19

6/3/2019

0 Comments

 
Members click here for full article.
(It is currently free to join our membership.)

Here is an excerpt from our trading plan.


Snapback rally?  How high?
Even if the current sell-off is really a down trend and not a short-term political sell-off, it is unlikely that $SPX $NDX will just drop straight down to December 24 low without a substantial snapback rally first.

During the down trend last fall, $SPX $NDX $RUT all went through a sequence of Drop1/Bounce1, followed by Drop2/Bounce2.  This happens between October 1 and November 7, before Drop3/Bounce3, Drop4/Bounce4 and finally Drop5 (between December 12 and December 24).

So far, $SPX $NDX $RUT have gone through a Drop1/Bounce1, and are in the midst of a Drop2 sequence right now.  The odds are high that we will see a Bounce2 after Drop2 is done.

We want to show you a couple tables below to compare the current Drop/Bounce sequence with the Drop/Bounce sequence of last fall, during the down trend. 

The most important column to examine is the last one highlighted in blue.  It shows how high $SPX $NDX can potentially get up to during the Bounce2 sequence.
0 Comments



Leave a Reply.

    Archives

    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    March 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019

    Categories

    All

    RSS Feed

Copyright (c) 2019-2022 LOOK Systems LLC
All rights reserved.